Mon, Nov 30, 2020 12:15 PM
Paytm Money goes deeper into broking, opens IPO investments
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While calling Vodafone Idea a high-risk, high-reward opportunity, domestic brokerage Kotak Institutional Equities on Thursday maintained a sell call on the telecom operator but said that in the bull case scenario, it can rally up to Rs 23. In our bull case, we assume a sharper 10% 10-year ARPU CAGR (versus our base case estimate of ~8.5%).
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To simplify the Know Your Customer (KYC) process, the Securities and Exchange Board of India (SEBI) has announced relaxed norms for mutual fund investors. One significant change is the extension of a one-year breather for non-resident Indians (NRIs) to complete their KYC requirements. This means NRIs now have additional time to fulfil their KYC obligations.
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After a muted debut in the previous session, Aadhar Housing Finance jumped as much as 7.5 percent in intra-day deals today to its new high of ₹354.50.The stock has now advanced 12.5 percent from its issue price of ₹315. Aadhar listed at ₹315 on NSE, the same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent.
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